Financial Standard

Count renews Iress contract

KARREN VERGARA  |    12:32PM   Count has renewed its contract with Iress to continue to provide software to its 550 financial adviser network.

Advisers urged to capitalise on HNW interest in alternatives

ANDREW MCKEAN   High-net-worth (HNW) investors are the largest market for alternative assets, drawn by the potential for diversified risk-adjusted returns and superior yields in an environment where traditional investments may underperform, according to a report by Praemium and CoreData.

Fidelity to roll out more active ETFs

JAMIE WILLIAMSON  |    12:49PM   The fund manager is looking to significantly boost its local lineup of active ETFs.

Pinnacle backs fledgling UK boutique

KARREN VERGARA   After ditching Royal London Asset Management (RLAM), the former global equities team is joining Pinnacle Investment Management as a fledgling affiliate.

Aussies underestimate life insurance's importance: Investment Trends

ANDREW MCKEAN   There is a gap in perception among Australians of life insurance as a crucial component of financial stability, according to an Investment Trends Consumer Insurance Needs report.

UniSuper selects new group insurer

JAMIE WILLIAMSON   After more than a decade in business, UniSuper has dropped TAL as its group insurer.

Proposed super tax obfuscates legacy pensions rules: SMSFA

KARREN VERGARA   The proposed 30% tax on large superannuation balances must clarify the confusion surrounding legacy pensions and reserves, and how they should be calculated, according to the SMSF Association (SMSFA).

intelliflo adds SMSF cashflow modelling capabilities

JAMIE WILLIAMSON   Advisers using intelliflo now have access to cashflow modelling tools for SMSF clients.

South Australia recognised as 'economic leader'

ANDREW MCKEAN   South Australia leads in economic performance across all Australian states and territories, according to the CommSec State of the States quarterly report.

Australia's budget position ranks second among G20 nations

ANDREW MCKEAN   Australia's budget balance as a share of gross domestic product (GDP) was second among G20 nations last year, improving from 14th in 2021, according to the International Monetary Fund (IMF).

ASIC prevails in landmark case against BPS Financial

ANDREW MCKEAN  |    12:39PM   ASIC has won a case against BPS Financial, following a Federal Court ruling that found the latter guilty of offering 'Qoin Wallet,' a non-cash payment facility that used the 'Qoin' cryptocurrency token, without an Australian Financial Services Licence (AFSL).

ASIC issues warning over scammers using fake AFSLs

ELIZA BAVIN   The financial regulator said scammers are becoming more sophisticated.

Prime Super finds new chief executive

ANDREW MCKEAN  |    12:45PM   Prime Super has appointed former Zurich chief of business transformation Raeline Seales as its new chief executive.

Charles River appoints new head of APAC

ELIZA BAVIN  |    11:56AM   The State Street-owned company will welcome a new head of Asia Pacific.

Farewell TelstraSuper: Largest corporate fund explores merger options

ANDREW MCKEAN  |    12:55PM   TelstraSuper is searching for a merger partner, after its board concluded that size and scale are "increasingly important" to serving members' best financial interests.

Performance test needs better metrics, durability

KARREN VERGARA  |    12:36PM   The superannuation performance test has several shortcomings that must be addressed in Treasury's latest round of consultation so it is fair and sustainable, the Actuaries Institute Summit heard.

OpenMarkets brings on corporate advisory firm

JAMIE WILLIAMSON   The fintech signed a strategic agreement that will see boutique advisory firm Rawson Lewis join its ranks.

Institutional investors eye increased exposure to Vietnam

ANDREW MCKEAN   Most pension fund managers and institutional investors plan to increase their exposure to Vietnam over the next three years, according to research from Dragon Capital.

Succession planning troubles family offices: J.P. Morgan

KARREN VERGARA   Global family offices remain deeply concerned about how to prepare the next generation to inherit a vast fortune as almost 30% do not have a structured approach to help them, a new study from J.P. Morgan reveals.

Wholesale investor tests up for parliamentary review

KARREN VERGARA   The federal government wants to shake up the wholesale investor tests further in launching a parliamentary inquiry into the entire framework, worrying many fund managers operating in the high-net-worth space.